Bitcoin Retreats to $92K as Morgan Stanley Files for Multi-Crypto ETFs; Senate Bill Vote Looms

Bitcoin fell to approximately $92,000 on Monday, marking the first decline for major cryptocurrencies in 2026, as Ether slipped to $3,210, Solana dropped to $138, and XRP retreated to $2.24. The pullback follows a sustained rally but occurs against a backdrop of accelerating institutional adoption and regulatory developments reshaping the digital-asset landscape.

Morgan Stanley filed with the Securities and Exchange Commission to launch exchange-traded funds holding Bitcoin, Ethereum, and Solana—the latest signal that major Wall Street institutions are positioning themselves to offer crypto exposure to mainstream investors through regulated vehicles. Separately, the Senate Banking Committee scheduled a key vote on a comprehensive crypto market-structure bill for next week, a move that could establish clearer regulatory parameters for digital assets trading in the United States. On the network side, Ethereum processed a record 2 million daily transactions, underscoring rising demand for decentralized applications and settlement capacity.

In protocol-specific developments, Hyperliquid published a progress roadmap that sparked speculation among traders and community members about a potential token airdrop, while Nike confirmed it had sold its RTFKT digital sneaker and collectibles studio, sending Clone X NFT valuations surging roughly 250% in response. Telegram disclosed that it sold approximately $450 million worth of TON tokens over the course of last year, a disposition that drew attention given the messaging platform's historical role in promoting the Toncoin ecosystem. The convergence of institutional ETF activity, regulatory momentum, and protocol-level developments suggests intensifying cross currents across the crypto market.